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Greece lurches towards new vote, hard left leads

ATHENS (Reuters) - Greek politicians were set to abandon their quest to form a government on Saturday, leaving the president with one final chance to avert new elections that could drive Greece out of the European single currency. Greece's political landscape is in disarray after voters humiliated the only parties backing a rescue plan tied to spending cuts, leaving no bloc with sufficient seats to form a government to secure the next tranche of financial aid.
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Has Greek result averted euro crisis?...........No

News : The Coming Crisis (2 years ago)

Athens (CNN) -- Greece has been at the heart of the European debt crisis -- and its weekend election was a critical test of the 17-country eurozone's ability to retain its common currency. The pro-bailout New Democracy party narrowl... Read Post

IMF prepares for a 'messy' Greek exit from the euro as Hollande and Merkel discuss fate of single currency

News : The Coming Crisis (2 years ago)

The International Monetary Fund was today preparing for Greece to leave the euro as talks to form a coalition government finally collapsed. IMF head Christine Lagarde said it had to be ‘technically prepared for anything’ after Athen... Read Post

Greece Weighs forming a Technocratic government

News : The Coming Crisis (2 years ago)

ATHENS—Greek party leaders will get yet another chance to try to break a weeklong political impasse and avert fresh elections, this time to explore the possibility of forming a technocratic government after efforts failed to form a ... Read Post


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